01-22-2020  3:13 pm   •   PDX Weather    •   SEA weather  
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NORTHWEST NEWS

St. Andrew Parish Presents 2020 Martin Luther King, Jr. Awards

The awards are given to people whose service embodies the values of Dr. King, who used nonviolence, civil disobedience, and Christian teaching to advance the cause of civil rights in America

The Skanner in Step With Changing Times

Celebrating a history of service

Starbucks, Home of the $4 Latte, is Moving Into Poor Areas

Starbucks plans to open or remodel 85 stores by 2025 in rural and urban communities across the U.S. The effort will bring to 100 the number of "community stores" Starbucks has opened since it announced the program in 2015

Native American Curriculum Rolls Out in Oregon Classrooms

The state developed the curriculum, as required by Senate Bill 13, with the input of Native leaders for 18 months, but is still behind. A soft roll-out begins this month

NEWS BRIEFS

Nashville Airport Store Seeks Works by African American Authors

The store, a namesake project of Mrs. Rosetta Miller-Perry and The Tennessee Tribune, will open March 2020 ...

Annual “Salute to Greatness” Luncheon Celebrating Students, Community & Civic Leaders

Keynote Speaker: Ms. Rukaiyah Adams, Chair of Oregon Investment Council & Chief Investment Officer at Meyer Memorial Trust....

Grant High School Students to Read Their Own Work at Broadway Books

Local author and writing instructor Joanna Rose will lead thegroup of young writers at the event to be held on Wednesday, January 22 ...

AG Rosenblum Announces $4 Million Settlement with CenturyLink

Since 2014, Oregon DOJ has received more than 1,200 consumer complaints about CenturyLink ...

Black Guest at Downtown Portland Hotel Sues Over ‘No Party’ Promise

Felicia Gonzales claims the front desk clerk at the Residence Inn told her that all guests had to sign the policy, but she watched...

Mayors launch task force to oppose minor league contraction

Dozens of mayors from across the United States have formed a task force opposing a proposal by Major League Baseball to eliminate 42 affiliated minor league franchises for the 2021 season.The coalition launched Tuesday with three leaders and was up to 30 members by Wednesday afternoon, ranging from...

Judge: No keeping Stormy and Trump out of NY Avenatti trial

NEW YORK (AP) — There's no keeping porn star Stormy Daniels and President Donald Trump out of California attorney Michael Avenatti's extortion case, a judge said Wednesday as he ordered the trial to commence Monday and refused the government's insistence that he ban mention of Daniels and...

New Missouri coach Eli Drinkwitz predicts success

COLUMBIA, Mo. (AP) — Eli Drinkwitz was saying all the right things after being introduced as the new football coach at Missouri, laying out his vision for the once-proud program with unwavering confidence and bold proclamations.Then the former Appalachian State coach made a minor...

LSU's Burrow, Auburn's Brown named AP SEC players of year

LSU quarterback Joe Burrow is a unanimous selection as the offensive player of the year on The Associated Press All-Southeastern Conference football team.The top-ranked Tigers also have the SEC’s coach of the year in Ed Orgeron and the newcomer of the year in freshman cornerback Derek...

OPINION

Martin Luther King Day is an Opportunity for Service

Find out where you can volunteer and make a difference to the community ...

Looking to 2020 — Put Your Vote to WORK!

Ronald Reagan, who turned his back on organized labor and started America’s middle-class into a tailspin, has recently been voted by this administration’s NLRB into the Labor Hall of Fame ...

How Putting Purpose Into Your New Year’s Resolutions Can Bring Meaning and Results

Only 4% of people report following through on all of the resolutions they personally set ...

I Was Just Thinking… Mama in the Classroom

I wrote my first column in 1988 for a local newspaper about a beloved Dallas guidance counselor and teacher that most students called “Mama” ...

AFRICAN AMERICANS IN THE NEWS

City suspends Miami police captain who claimed to be black

MIAMI (AP) — The city of Miami on Wednesday suspended a Hispanic police captain who was strongly condemned after he publicly claimed he was black when fighting accusations that he has derided black people.The Miami Dade Branch of the NAACP had called for Police Capt. Javier Ortiz's...

Portrait of judge taken down because of his 'racist past'

HILLSBOROUGH, N.C. (AP) — A North Carolina county has removed a portrait of a 19th-century state Supreme Court justice from a courtroom at the request of a judge who said it didn’t belong there because of the justice’s “racist past.” Senior Resident Superior Court...

Judge: Canadian tied to extremist group is 'very dangerous'

GREENBELT, Md. (AP) — A former Canadian Armed Forces reservist plotted with other members of a white supremacist group to carry out “essentially a paramilitary strike” at a Virginia gun rights rally, a federal prosecutor said Wednesday.U.S. Magistrate Judge Timothy Sullivan...

ENTERTAINMENT

Aerosmith drummer sues to rejoin band for Grammy honors

BOSTON (AP) — Aerosmith's drummer, Joey Kramer, is suing his bandmates because they won't let him play as the band is set to perform and be honored at Grammy events this week.Kramer, a founding member of the band launched in Boston, said in a lawsuit filed this month in Massachusetts...

Ratings dip for NFL conference championship games

NEW YORK (AP) — It's no secret, sports fans. Better games produce better ratings.That was the simple lesson for the NFL this week, after a dip in viewership for its conference championship games, compared to 2019. The Nielsen company said 42.8 million people watched the San Francisco 49ers...

Review: Guy Ritchie's 'The Gentlemen' is stale pint of ale

Guy Ritchie’s honor-among-thieves meta-caper “The Gentlemen,” with Matthew McConaughey, has all the tailored tweed suits and smoky atmosphere of a handsome scotch commercial. “The Gentlemen” might not be an ad, but Ritchie’s film is most assuredly selling...

U.S. & WORLD NEWS

'Naughty boy': Monty Python star Terry Jones dies at 77

LONDON (AP) — Terry Jones, a founding member of the anarchic Monty Python troupe who was hailed by...

New rules could bump emotional-support animals from planes

The days of passengers bringing rabbits, turtles and birds on planes as emotional-support animals could be ending....

Hallmark media CEO leaves, month after same-sex ad backlash

NEW YORK (AP) — The head of Hallmark's media business is leaving the company after 11 years, just a month...

US-French tax truce a respite in tense relations with EU

DAVOS, Switzerland (AP) — France will delay its tax on big tech firms like Google and Facebook in exchange...

'Naughty boy': Monty Python star Terry Jones dies at 77

LONDON (AP) — Terry Jones, a founding member of the anarchic Monty Python troupe who was hailed by...

Russia-Poland feud over history clouds Auschwitz anniversary

WARSAW, Poland (AP) — Over the next several days, world leaders will gather twice to mark the 75th...

McMenamins
Sophia Yan CNN Money

HONG KONG (CNNMoney) -- The number of Americans choosing to give up their citizenship has spiked dramatically this year as the government works to implement a new disclosure law aimed at stamping out tax evasion.

Some of the rush may be caused by Americans hoping to avoid the new disclosure requirements. Others living abroad say they are giving up their U.S. passport because they are tired of dealing with overly complicated tax filings.

Unlike most countries, the U.S. continues to tax citizens on all income, regardless of where it is earned or where they reside. For expats, filing taxes in two countries often means wrestling with a huge mountain of paperwork.

"Every year, I was spending about $600 to $700 having somebody do the tax paperwork," said Kim-Fredrik Schneider, who now resides in the U.K. and retains his Swedish passport.

Schneider, who hasn't lived in the U.S. for about 13 years, was one of about 1,809 people to renounce U.S. citizenship or give up their green cards in the first half of 2013. That's a sharp uptick from 2012, when government data showed only 932 renunciations over the entire year.

The increase comes as the U.S. prepares to implement the Foreign Account Tax Compliance Act, a new law that requires foreign institutions to report all assets owned by Americans.

The measure, approved by Congress in 2010, is aimed at recouping some of the hundreds of billions the government says it loses each year in unpaid taxes. The law also requires individuals with overseas assets to file additional forms.

Most people renouncing citizenship are "hardly the 'fat cat' tax exiles," said Eugene Chow of Hong Kong immigration firm Chow King & Associates.

Instead, Chow said, clients who choose to give up their citizenship are often "really very ordinary people" who find it difficult to comply with the ever-changing tax code.

Immigration lawyer Melissa Vincenty of Fragomen recalled one client, a woman nearing retirement age, who gave up her citizenship for the same reason.

She had been filing taxes as an expat for nearly four decades, and didn't want to deal with it anymore, Vincenty said.

While the paperwork is certainly a burden, concerns over wealth preservation can also be a contributing factor.

Eduardo Saverin, one of Facebook's four co-founders, is one of the wealthiest individuals to give up his passport, and has since taken up residency in Singapore.

Saverin officially expatriated from the U.S. last year, before Facebook's IPO. The Brazilian native insists he did not renounce his citizenship for tax reasons, but his move still drew criticism from high-profile lawmakers.

Even individuals who are not among the super rich are considering giving up their citizenship -- especially when lower tax rates beckon in other countries.

Americans are looking down the road at how their investments such as retirement funds will be taxed, Vincenty said.

Giving up your US citizenship, she said, is a "realistic option to be able to manage those tax burdens."

For those who haven't paid their taxes, giving up citizenship isn't an easy way out. The government can still go after former citizens if evidence of tax evasion surfaces.

Plus, there's no statute of limitations and the IRS could then collect back taxes, said Scott Michel, president of Caplin & Drysdale, an international tax law firm.

There is also a hefty exit tax applied for Americans who have assets over $2 million, he said. Even the heirs of people who have given up their passports could be responsible for taxes on inherited assets, if they remain U.S. citizens.

Chow, the Hong Kong lawyer, said this is by design.

"[The U.S.] wants to charge you for the privilege of leaving, so you won't have an incentive to get out," he said. "In their zeal to nail people with offshore accounts evading tax, they pass these rules that make life very, very difficult for ordinary people."

Taxes aside, bidding Uncle Sam farewell can be an emotional decision, Vincenty said. "Lots of people are torn about it."

Schneider framed the issue in more philosophical terms.

"Am I still American? Well, I certainly sound American; I know a heck of a lot about American culture," he said. "I haven't stopped being who I am just because I don't have a contract with the government."

 

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